stablesdash
MetaMask USDmUSD$32.2M·
Noble DollarUSDN$3.9M·
Startale USDUSDSC$4.8M·
CASHCASH$119.6M·
USDHUSDH$21.4M·
XO CashXO$2.5M·
usualMusualM$63.5M·
Stable CoinSBC$8.8M·
Glo DollarUSDGLO$2.1M·
Pax DollarUSDP$40.6M·
Jupiter USDjupUSD$42.5M·
MegaUSDUSDM$228.4M·
MetaMask USDmUSD$32.2M·
Noble DollarUSDN$3.9M·
Startale USDUSDSC$4.8M·
CASHCASH$119.6M·
USDHUSDH$21.4M·
XO CashXO$2.5M·
usualMusualM$63.5M·
Stable CoinSBC$8.8M·
Glo DollarUSDGLO$2.1M·
Pax DollarUSDP$40.6M·
Jupiter USDjupUSD$42.5M·
MegaUSDUSDM$228.4M·

Tech Platforms

Technology platforms enabling white-label stablecoin issuance, ranked by total market cap.

Ethena

Ethena

2 stablecoins

#1
Market Cap$270.9M
Market Share47.5%
Issuers
EthenaEthena
Tokens
Jupiter USDjupUSD
MegaUSDUSDM
Chains
MegaETHSolana
Open Issuance

Open Issuance

2 stablecoins

#2
Market Cap$141.0M
Market Share24.7%
Issuers
BridgeBridge
Native MarketsNative Markets
Tokens
CASHCASH
USDHUSDH
Chains
HyperliquidSolana
M0

M0

8 stablecoins

#3
Market Cap$106.9M
Market Share18.7%
Issuers
BridgeBridge
MXONMXON
MoonPayMoonPay
SSaturn
Tokens
MetaMask USDmUSD
Noble DollarUSDN
KAST DollarUSDK
Startale USDUSDSC
Citrea USDctUSD
XO CashXO
usualMusualM
USDatUSDat
Chains
CitreaCosmosEthereumLineaNoble+2
Paxos

Paxos

1 stablecoin

#4
Market Cap$40.6M
Market Share7.1%
Issuers
PaxosPaxos
Tokens
Pax DollarUSDP
Chains
EthereumSolana
Brale

Brale

2 stablecoins

#5
Market Cap$11.0M
Market Share1.9%
Issuers
BraleBrale
Tokens
Stable CoinSBC
Glo DollarUSDGLO
Chains
ArbitrumBaseEthereum